The accounting convention which states that profit must not be recognized until realized while all losses should be adequately provided for it termed Posted on:
Assigning revenues to the accounting period in which goods were sold or services rendered and expenses incurred is known as Posted on:
The trial balance showed wages, N2 500 and a note stated that N500 wages, were due but unpaid when preparing final accounts and loss account with Posted on:
What was the balance showed wages, N2 500 and a note stated that N 500 wages were due but unpaid when preparing final accounts and loss account with Posted on:
Trade creditors account was maintained at 25% of the capital : What was the balance in the trade creditors account as at 31/12/92? Posted on:
How much should be charged to the income and expenditure of this club as subscription for 1991? Posted on:
